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Latest Currency News Headlines

GBP to CAD Exchange Rate Climb Away from Week Worst amid Canada’s Trade and Economic Jitters

6 Nov 2019 at 1 PM - Written by Tim Boyer

The British Pound to Canadian Dollar (GBP/CAD) exchange rate has been trending lower this week, but the pair is up on yesterday’s levels as the Canadian Dollar is weakened by the latest market concerns over Canada’s trade and economy. Concerns that the Bank of Canada (BoC) could take a more dovish stance on monetary policy have been weighing on the ‘Loonie’, making it easier for Sterling to edge higher again despite a lack...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Steady, Brexit Weighs on UK Services Sector

5 Nov 2019 at 2 PM - Written by John Cameron

GBP/NZD Exchange Rate Flat, UK Services Struggles in October The Pound New Zealand Dollar (GBP/NZD) exchange rate held steady today, with the pairing currently trading around NZ$2.011 after this morning’s release of the UK Markit Services PMI for October failed to emerge from contraction territory, as ongoing Brexit fears weigh on the UK’s largest sector. Duncan Brock, Group Director at the Chartered Institute of...

CATEGORIES: New Zealand Dollar Forecasts Pound New Zealand Dollar Forecasts

Euro Pound (EUR/GBP) Exchange Rate Muted Ahead of BoE Meeting

5 Nov 2019 at 12 PM - Written by John Cameron

Euro Pound Sterling (EUR/GBP) Exchange Rate Left Flat as Eurozone PPI Falls to Three-Year Low The Euro Pound Sterling (EUR/GBP) exchange rate was left flat on Tuesday, with the pairing trading at around £0.8617. Sterling was left under pressure at the start of the week thanks to disappointing PMI data and ahead of the upcoming Bank of England (BoE) monetary policy meeting. It is expected that the bank’s meeting on...

CATEGORIES: Euro Pound Forecasts

GBP/AUD Exchange Rate Hits Half-Month-Worst Following Reserve Bank of Australia Decision

5 Nov 2019 at 11 AM - Written by Frank Davies

Despite some weak Australian retail sales data at the beginning of the week, Australian Dollar investors were relieved by a fairly neutral tone from the Reserve Bank of Australia (RBA) today, knocking the British Pound to Australian Dollar (GBP/AUD) exchange rate down as the ‘Aussie’ advanced. The Pound’s movement has remained volatile and narrow, as markets await UK election developments and brush over the latest UK...

CATEGORIES: Pound Australian Dollar Forecasts

Euro US Dollar (EUR/USD) Exchange Rate Muted as US-China Trade War Drags on Manufacturing

4 Nov 2019 at 4 PM - Written by John Cameron

Euro US Dollar (EUR/USD) Exchange Rate Flat as US-China Tensions Weigh on US Manufacturing The Euro US Dollar (EUR/USD) exchange rate was left muted and the pairing is currently trading at around $1.1155. The US Dollar was left under pressure as data revealed new orders for US goods slumped more than expected in September. This implies manufacturing remains soft as the US-China trade war which has gone on for 16 months...

CATEGORIES: American Dollar Forecasts Euro Forecasts

GBP to NZD Exchange Rate Tumbles as New Zealand Dollar Capitalises on Rival Weakness

4 Nov 2019 at 12 PM - Written by Ben Hughes

While investors have had little fresh reason to move on the Pound so far this week, the British Pound to New Zealand Dollar (GBP/NZD) exchange rate has been falling as the New Zealand Dollar takes advantage of the market’s risk-sentiment and weakness in its rival, the Australian Dollar. This has left the New Zealand Dollar as one of the market’s best-performing major currencies today, continuing weeks of downside movement for...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Steady as US-China Trade Uncertainty Weighs on ‘Kiwi’

1 Nov 2019 at 3 PM - Written by John Cameron

GBP/NZD Exchange Rate Rangebound despite Improving Chinese Factory Figures The Pound New Zealand Dollar (GBP/NZD) exchange rate held steady today, with the pairing currently trading around NZ$2.016. The ‘Kiwi’ failed to rise despite strong Chinese factory data today, with the Caixin Manufacturing PMI beating forecasts in October and rising to 51.7, providing some relief for the NZ economy which relies heavily on trade with...

CATEGORIES: New Zealand Dollar Forecasts Pound New Zealand Dollar Forecasts

GBP to USD Exchange Rate Drops from Weekly Highs on US Non-Farm Payrolls

1 Nov 2019 at 1 PM - Written by Minesh Chaudhari

Despite a lack of highly optimistic UK news in the past week, the British Pound to US Dollar (GBP/USD) exchange rate has seen firm gains and has even recovered much of the previous week’s losses due to concerns about uncertainty in the Federal Reserve outlook. The Fed’s tone was mixed last week, as it indicated it may not cut rates again for a while but stopped short of saying that its rate cut cycle had come to an...

CATEGORIES: Pound Dollar Forecasts

EUR to USD Exchange Rate Slips from Highs as Eurozone Data Continues to Paint Uncertain Picture

31 Oct 2019 at 1 PM - Written by Toni Johnson

While the Euro to US Dollar (EUR/USD) exchange rate has seen notable gains this week so far, the pair has slipped from its best levels today as investors are hesitant to keep buying the Euro amid a lack of strong domestic support. Still, the primary movement in the pair since last night has been a strong gain in response to the Federal Reserve’s uncertain tone on the US monetary policy outlook. Since opening this week at the...

CATEGORIES: American Dollar Forecasts Euro Forecasts

Pound US Dollar Exchange Rate Rises, US Federal Reserve Cuts Interest Rates amid ‘Huge Geopolitical Risks’

31 Oct 2019 at 11 AM - Written by John Cameron

GBP/USD Exchange Rate Improves, US Markets Cautious Following Fed Rate Cut The Pound US Dollar exchange rate improved today, with the pairing currently trading around $1.2934 after last night saw the US Federal Reserve cut interest rates for the third time this year, with the Fed signalling that it would likely finish with easing for now. However, this left US markets feeling jittery as they had expected a more hawkish tone from...

CATEGORIES: Dollar Pound Forecasts Pound Dollar Forecasts